Greek Referendum To Be On Euro Membership, December 4

The Greek referendum will be about whether Greece is going to stay in the Eurozone, Eurogroup Chairman Jean-Claude Juncker said late Wednesday.

Speaking to reporters after a meeting here, Juncker said the exact wording would be up to the Greek government but that the basic question was whether Greek's wanted to continue using the euro.

France's President Nicolas Sarkozy and Germany's Chancellor Angela Merkel, speaking at a press conference moments later, echoed Juncker's comments. "The referendum must be on whether Greece is to remain the euro," Merkel said. Sarkozy said "it is up to the Greek people whether to remain in the euro," later adding that he trusted them to "make the right choices."

For more: MNI | Update: Greek Referendum To Be On Euro Membership, December 4